Hyperliquid (HYPE) Faces Key $44.40 Resistance as Analysts Predict 23.21% Drop or Push Toward $60

Hyperliquid (HYPE) is at a pivotal price juncture ahead of August 11 as traders closely monitor its movement between key support and resistance levels. The price has rebounded from a recent low of $35.53 and is currently consolidating near $43.57. A critical resistance at $44.40—aligning with the 0.618 Fibonacci retracement and a daily supply zone—will determine the immediate direction. A successful breakout could push HYPE toward $46.81 and potentially $49.88, while a failure to clear the level may result in a retest of supports at $42.72, $41.03, and eventually $38.48 [1].

The daily DMI indicators show +DI at 15.83, -DI at 15.17, and ADX at 23.32, signaling weak directional bias and a potential range-bound scenario. On the 30-minute timeframe, RSI is at 46.15—below the neutral mark—while the MACD remains barely positive, suggesting a lack of strong buying momentum. The 4-hour Supertrend indicator continues to support price above $41.00, offering a floor for short-term bullish action [1].

From a flow perspective, HYPE experienced a $426.58K net outflow on August 10, indicating profit-taking following its recent rebound. This outflow may hint at a temporary pause in upward momentum, though it doesn’t necessarily signal a reversal [1].

Analysts remain divided on HYPE’s near-term outlook. CoinCodex predicts a 23.21% decline, potentially bringing the price down to $30.19 by August 11, while Brave New Coin forecasts a more bullish scenario, with HYPE potentially reaching $54–$60 amid rising liquidity pressure. This divergence highlights the volatile nature of the market and the uncertainty surrounding the key resistance at $44.40 [2][3].

Meanwhile, Coindoo suggests a more balanced view, with HYPE possibly stabilizing between $40 and $48 if key levels hold. In optimistic scenarios, the price could reach $50 by year-end and even extend toward $60–$72 [6]. These projections are conditional, hinging on whether the critical support and resistance levels maintain their integrity.

The technical setup remains cautiously bullish, given the alignment of higher-timeframe structure and the 4H Supertrend support. However, liquidity between $44.40 and $49.88 means that sustained gains will require a clear volume push. A break below $38.48 could accelerate a decline toward $36.41, where the Parabolic SAR indicates a key invalidation level for long positions [1].

With the market poised for a decisive move, the next 24 hours will be crucial in determining whether HYPE continues its upward trend or faces renewed selling pressure.

Source:

[1] Coinedition.com (https://coinedition.com/hyperliquid-hype-price-prediction-for-august-11/)

[2] Coincodex.com (https://coincodex.com/crypto/hyperliquid/price-prediction/)

[3] Bravenewcoin.com (https://bravenewcoin.com/insights/hyperliquid-hype-price-prediction-bulls-eye-54-60-zone-as-liquidity-pressure-builds)

[6] Coindoo.com (https://coindoo.com/cardano-targets-1-as-hype-holds-31-and-blockdag-launches-presale-contest-with-10-btc-prize-pool/)